Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for GS Finance Corp. > News item |
GS Finance plans to price PLUS due 2020 linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Feb. 26 – GS Finance Corp. plans to price 0% Performance Leveraged Upside Securities due July 6, 2020 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 14.1%. If the final index level is less than the initial index level, investors will have one-to-one exposure to the index’s decline.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
The notes will price March 15.
The Cusip number is 36257D246.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.